Qiming Venture Partners has closed two China-focused VC funds – including its sixth US dollar-denominated vehicle and fifth renminbi-denominated vehicle – and a newly-established US healthcare fund, with $1.39 billion in aggregate commitments.
Qiming Venture USD Fund VI and Qiming Venture RMB Fund V reached their hard caps of $935 million and RMB2.1 billion ($334 million), respectively. The Qiming US Healthcare Fund I closed at $120 million,...
Cathay Capital Private Equity has reached a first close of EUR600 million ($702 million) for its latest middle-market Sino-European fund. The target is EUR1.2 billion.
Opera Software, a Norwegian web browser developer acquired by a PE-backed Chinese consortium in 2016, is looking to raise up to $115.2 million in a US IPO.
51 Credit Card, a Chinese online credit card management platform backed by the likes of Tiantu Capital, GGV Capital, and Shunwei Capital, raised HK$1 billion ($128.5 million) in its Hong Kong IPO.
Singapore’s Golden Equator Capital and Korea Investment Partners (KIP) have jointly launched a S$120 million ($88 million) Southeast Asia technology fund focused on start-ups and small to medium-sized enterprises (SME).